Barrett Business Services, Inc. (NASDAQ:BBSI) Short Interest Update

Barrett Business Services, Inc. (NASDAQ:BBSIGet Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 39,500 shares, a decrease of 7.3% from the February 29th total of 42,600 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Barrett Business Services

Several institutional investors and hedge funds have recently made changes to their positions in BBSI. Barclays PLC increased its position in Barrett Business Services by 34.0% in the 3rd quarter. Barclays PLC now owns 6,362 shares of the business services provider’s stock valued at $573,000 after acquiring an additional 1,614 shares during the period. FMR LLC increased its position in Barrett Business Services by 4.3% in the 3rd quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after acquiring an additional 12,997 shares during the period. Gladius Capital Management LP increased its position in Barrett Business Services by 82.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,971 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 889 shares during the period. Principal Financial Group Inc. increased its position in Barrett Business Services by 31.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,086 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 746 shares during the period. Finally, Wellington Management Group LLP increased its position in Barrett Business Services by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 175,006 shares of the business services provider’s stock valued at $15,793,000 after acquiring an additional 3,000 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $141.00 target price on shares of Barrett Business Services in a research note on Monday.

Read Our Latest Stock Report on Barrett Business Services

Barrett Business Services Price Performance

Shares of NASDAQ BBSI opened at $125.15 on Wednesday. Barrett Business Services has a 1 year low of $76.22 and a 1 year high of $130.00. The company has a market capitalization of $822.24 million, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The business has a 50-day moving average of $117.45 and a two-hundred day moving average of $108.64.

Barrett Business Services (NASDAQ:BBSIGet Free Report) last posted its earnings results on Wednesday, February 28th. The business services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.29. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. As a group, equities research analysts expect that Barrett Business Services will post 7.78 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s payout ratio is currently 16.15%.

About Barrett Business Services

(Get Free Report)

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Featured Stories

Receive News & Ratings for Barrett Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services and related companies with MarketBeat.com's FREE daily email newsletter.